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International

Asian insurance industry likely to record robust growth in 2016-17: Swiss Re

January 15, 2016 Reprints

Clarence Wong, chief economist of Asia Pacific at Swiss Reinsurance Co. Ltd., said that the Asian insurance industry is expected to record robust growth in 2016-17, with emerging Asia likely to grow at an average rate of around 13%, Asia Insurance Review reported.

Mr. Wong said that Hong Kong's insurance market is likely to enter into a "cyclical downturn." The outlook for Chinese insurance sector remains "favorable" and the sector is expected to record annual premium growth rates of around 20% over the coming two years, said Mr. Wong.

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Asian insurance industry likely to record robust growth in 2016-17: Swiss Re

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